EghtesadOnline: Iran’s ICT minister says the United States’ belligerence has proved harmful for global trade and stability.
EghtesadOnline: The British government has settled a 1.25 billion pound ($1.6 billion) damages claim brought by Iran’s largest private bank in an 11th-hour, out-of-court deal following a dispute over sanctions.
EghtesadOnline: Relations between Iran and Russia take on a special significance as a result of Washington’s increased pressure and sanctions, a senior diplomat said on Monday before meeting Russian Deputy Foreign Minister Sergey Vershinin.
EghtesadOnline: Despite sanctions and limitations on international money transfer, Iran will import 1.1 million tons of raw vegetable oil, including those from soybean, sunflowers, palm and sesame, in the fiscal 2019-20, just as it did last year, the secretary of Iranian Vegetable Oil Industry Association said.
EghtesadOnline: European foreign ministers and EU foreign policy chief, Federica Mogherini, met on Monday in Brussels, Belgium, to thrash out ways to keep the 2015 Iran nuclear deal alive, following the United States' unilateral withdrawal from the deal, reimposition of sanctions against Iran and intensification of tensions by deploying military vessels to the Persian Gulf.
EghtesadOnline: It is widely believed that the new round of sanctions imposed by the administration of US President Donald Trump on Iran's industrial metals will have little impact in practice.
EghtesadOnline: Half the capacity of Iran's 9,000 textile and clothing manufacturers remains untapped due to credit crunch, poor sales and sanctions, a board member of Iran Textile Specialists Association said.
EghtesadOnline: Iran’s economy is expected to shrink for the second consecutive year and inflation could reach 40%, an International Monetary Fund’s senior official said, as the country copes with the impact of tighter sanctions imposed by the United States.
EghtesadOnline: American middle class consumers are enjoying the strongest wage growth in a decade, but higher gasoline prices are eating a good chunk of that increase for many, and it looks like pump prices are headed higher.
EghtesadOnline: The US administration said on Monday that it will not renew waivers that let countries buy Iranian oil without facing sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India.